Anil Kumar asked 5 years ago
Mam please explain the concept of joint promisor I am not able to understand this concept
1 Answers
Preeti Aggarwal answered 5 years ago
Where two/more persons enter into a joint agreement with one/more persons, the promise is known as joint promise.
Example 1: A, B and C jointly promise to pay ₹30,000 to D
All joint promisors must together fulfill the promise.
In case of death of any joint promisor, his liability passes on to the legal representatives. This is known as devolution of joint liability. The contract shall hence be performed by the representative of the deceased promisor jointly with the surviving promisor(s).
Where two/more persons enter into a joint agreement with one/more persons, the promise is known as joint promise.
Example 1: A, B and C jointly promise to pay ₹30,000 to D
All joint promisors must together fulfill the promise.
In case of death of any joint promisor, his liability passes on to the legal representatives. This is known as devolution of joint liability. The contract shall hence be performed by the representative of the deceased promisor jointly with the surviving promisor(s).